Oil is moving up, and, like in 2006-2007 during the hiking cycle, we saw oil jump, pull back and then spike up 150%. So we could be seeing $100 per barrel soon. This is bullish for SQZ, and the price action shows this.
Possibly a bounce to come this week if fundamentals are in place with a potential catalyst. No MA's above price which is a nice clear path of minimal resistance.
Holding well at 78.6% fibs. Closing above 8ema (orange line) will be a bullish move and a optimum entry. If wrong then I will be looking at the 50% fibs & 200ma line for a bounce entry.
Production resumed... oil flying Undervalued fundamentally. Cup & handle pattern apparently in play with golden crosses forming on daily and hourly timeframes currently.
BUY - Production resumes today, oil price only rising as is cash
Accumulating cash hand over fist with potential for further business expansion. Already undervalued and now on rising support trend and 100dma supports... BUY.
Right off th bottom of the channel and RSI off its trend should give this a big push towards the top of this channel 40-50p target